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Here is how Tron (TRX) has proved its critics wrong

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Tron TRX

At the time when Tron was created, the cryptocurrency received lots of criticism. Initially, many thought the project would be a failure and won’t last that long. Most crypto enthusiasts also believe that Tron would vanish under impracticable codes.

It doesn’t end there. When Tron unveiled its interest to take responsibility for creating a decentralized Web – which is the primary goal of Tron, it really wasn’t easy for Justin Sun and his team as they were criticized as a blockchain without no product. But were these critics correct?

Tron has answered all its critics

It was discovered that Tron had plagiarized its Whitepaper from Ethereum, people began to label Tron as a failure. Nonetheless, Tron has been very lucky in the crypto sphere.

Its Initial Coin Offering was held in September 2017 and it came at the time when cryptocurrency was beginning to gain fame, thus, offering the crypto sphere more than $500 billion by the end of the year. At that time, Tron – the cryptocurrency initially labeled as a failure, recorded a meteoritic sale of $70 million.

After releasing its press release, Tron increased from $0.04 to $0.3 in just a few weeks. Since then, it has attracted a lot of investors in the crypto market today, and even now, it is still doing a relatively good job (considering the bloodbath that crypto market has been seeing from time to time this year so far).

We do know that it is a normal phenomenon for a digital asset to undergo hefty disapprovals on the part of its community; one can clearly see that with Cardano (ADA) and Ripple (XRP). It was said that Cardano was bought by some people with no future promises of realistic profits (which is wrong). Ripple, on the other hand, received lots of critics on the number of FinTech companies that have really adopted its products.

Even though critics and misinformation have given tough time to Tron, the blockchain firm’s answers have proved to be worthwhile. Talking about some of its most recent successes, the cryptocurrency acquired BitTorrent, and it is also working on new projects such as the Project Atlas.

Tron’s MainNet and its Virtual Machine

Tron’s MainNet was created to gain independence from Ethereum and for developers to get the avenue to develop Dapps (Decentralized Applications) on Tron’s network. The MainNet was launched on May 31s this year. As GlobalCoinReport reported at that time, Tron’s MainNet didn’t bring a surge to its price, which may be because the publicity around it was over.

During that period, it seemed Tron needed to work more to attain investors’ prospects.  Also, Tron’s Virtual Machine was launched recently, but it still hasn’t surge its price (credit goes to the whole crypto market’s dip).

At the moment, Tron’s investors are discarding the misinformation and inadequacies, but looking at its long-term visions.

Tron’s surge and dips

The long-term prospects haven’t evidenced its value yet. At the time of writing, Tron is priced at $0.01752 and ranked No.13 according to CoinMarketCap. Not too long ago, Tron was labeled as one of the ‘most used’ cryptocurrencies on 200+ online stores according to Bitcoin Superstore.

Consequently, the crypto has received lots of attention lately – even though it allegedly erred by plagiarizing its ICO. Not to forget, Tron’s Reddit community has more than 65,000 users currently. With all that in mind, Tron is set to recover soon, all we need do is to wait and see what will occur before the year closes. If the market recovers well, the coin might follow suit efficiently, but it won’t surge alone as it can’t as of now at least.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Daniel Páscoa on Unsplash

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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